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Report Date : |
05.04.2013 |
IDENTIFICATION DETAILS
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Name : |
PROPAL S.R.L. |
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Registered Office : |
Mayor Martinez 2286 Esq. Nuflo de Chavez, Asuncion |
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Country : |
Paraguay |
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Year of Establishments: |
1992 |
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Legal Form : |
Public Liability Company |
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Line of Business : |
Aluminium Processing and Manufacturing Aluminum Trays for
Gastronomy |
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No. of Employees : |
10 employees |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Paraguay |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
PARAGUAY - ECONOMIC OVERVIEW
Landlocked Paraguay has a market economy distinguished by a large
informal sector, featuring re-export of imported consumer goods to neighboring countries,
as well as the activities of thousands of microenterprises and urban street
vendors. A large percentage of the population, especially in rural areas,
derives its living from agricultural activity, often on a subsistence basis.
Because of the importance of the informal sector, accurate economic measures
are difficult to obtain. On a per capita basis, real income has stagnated at
1980 levels. The economy grew rapidly between 2003 and 2008 as growing world
demand for commodities combined with high prices and favorable weather to
support Paraguay's commodity-based export expansion. Paraguay is the sixth
largest soy producer in the world. Drought hit in 2008, reducing agricultural
exports and slowing the economy even before the onset of the global recession.
The economy fell 3.8% in 2009, as lower world demand and commodity prices
caused exports to contract. The government reacted by introducing fiscal and
monetary stimulus packages. Growth resumed at a 15% level in 2010, the highest
in South America, but slowed to 6.4% in 2011 as the stimulus subsided.
Political uncertainty, corruption, limited progress on structural reform, and
deficient infrastructure are the main obstacles to growth.
Source : CIA
PROPAL S.R.L.
R.U.C. 80010092-1
INCORPORATED IN 1992. BEGINNER OF ACTIVITIES. NOT PROVIDED
FINANCIAL INFORMATION TO THIRD PARTIES. NO NEGATIVE. FIT FOR OPERATIONS OF
CURRENT IMPORTANCE AND ADDITIONAL GUARANTEES.
ALUMINIUM PROCESSING
AND MANUFACTURING ALUMINUM TRAYS FOR GASTRONOMY.
Legal form:
Public
liability company
Created: 1992
Registered RPC: 1992
Duration: Unlimited
End of fiscal year: 31/12
Administration and
Operative address: Mayor Martinez 2286 Esq. Nuflo de Chavez, Asuncion, Republic
of Paraguay.
Phones: 00595 21 422349 // 422024
E-mail: propalsrl@tigo.com.py
It is noteworthy that soon moved operations to own property 2000 m2, located in
City Fernando de la Mora, Paraguay.
PARTNERS:
---------
PEDRO PABLO GUILLERMO BENITEZ
EDITH LOURDES FERNANDEZ
Using signature: It is the responsibility of the partners individually and
indistinct in character Managers.
PEDRO PABLO
GUILLERMO BENITEZ
-----------------------------
Paraguayan, married, born in 1949.
EDITH LOURDES FERNANDEZ
-----------------------
Paraguayan, married, born in 1964.
It has been
determined through the inquiries that have been made, that the activities in
question were initiated and implemented by this society, that governs their
actions to address reporting.
This is an industry that is dedicated to the manufacture of aluminum products,
especially in trays for gastronomy.
You are not registered with development partners from other commercial
activities.
Those responsible for
the company declined to provide information on a strict accounting. -
From inquiries made through third parties, shows that develops its business
operations as normal within a sphere of medium importance, with obtaining
compensation benefits without you being aware of ups and downs. -
Within the guidelines that have been mentioned, who were consulted assigned
stable outlook. -
REAL
ESTATE:
-----------
The
property they occupy belongs to the shareholders, has a floor area of 295 mts2.
You have a building under construction in the City of Fernando de la Mora of
2000 mts2 of surface.
This society is
dedicated to the development of the above mentioned steps, with the appropriate
operational structure.
With sales covers the national market, making imports from Argentina, Brazil
and India.
Leading operations are their own responsibility, with 10 employees who
collaborate.
MAIN SUPPLIERS:
--------------
* BILCAR S.A. (PARAGUAY)
* BARRIER SOLUTIONS (ARGENTINA)
* PLASCAL LTDA. (BRASIL)
* PAPEI JARAGUA S.A. (BRASIL)
* 10 employees
BANCO REGIONAL
CTA. 4100197020
BANCO ITAU
To date the
company has been serving holder commitments within normal limits which are
judged and is referenced on good terms in the operating means they are
accustomed.
* Without objection.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.65 |
|
UK Pound |
1 |
Rs.82.41 |
|
Euro |
1 |
Rs.70.08 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
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NB |
New Business |
---- |
This score serves as a reference to assess
SC’s credit risk and to set the amount of credit to be extended. It is
calculated from a composite of weighted scores obtained from each of the major
sections of this report. The assessed factors and their relative weights (as
indicated through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.